Latest economic data is showing at least in Germany that manufacturing is recovering reasonably well, and grew more over the past couple months than expected. I

Latest economic data is showing at least in Germany that manufacturing is recovering reasonably well, and grew more over the past couple months than expected. I'm sure it would have grown more if this crisis didn't happen, but it is at least still growing. A lot of European manufacturing is so specialized that energy prices aren't a very large portion of their cost. The energy prices certainly are affecting the steel and chemical industries, but at least if the rest of the industrial economy is doing well they can afford to subsidize the less specialized industries that they decide are strategically important.